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Breakingviews: BNP’s COO leaves with no mea culpa

June 12 - BNP’s COO is leaving earlier than planned. U.S. regulators are said to have wanted this, but BNP doesn’t draw a link. Who takes responsibility, asks Breakingviews

TRANSCRIPT +

Sports people being unceremoniously. Pushed analysts are BNP Paribas see below is leaving the bank kept under a cloud of investigation. Out the US authorities. Looking to. Front and of course there's access -- -- on what's your take on the story tonight -- seriously go -- you're talking about. -- read the -- impurities. That many 64 he would retire at the end of September. But you just notice that this will be a -- going friends that prevents him from holding more than five. Board seats and so he's retiring at the end of June 9 and I didn't see anything about the US through ridiculous -- the risk of sounding rooms is this friend's yard. Never so you know these values probe that might cost the bank up to ten billion. Don't know -- is the bank threatened by a suspension of its don't clearing operation in New York. No I didn't -- that it is this is back at about international trade agenda and I'm reading Libyan pew released. Right is the thing about to plead guilty -- beautiful for violating the sanctions regime -- REI I I'm not say what you law. So put woods and miles it's not as well yes I'm crazy thing -- And the Christian is of course Joseph -- local cities probably the highest ranking official let new regulations. I asked. To -- -- -- part of that group -- it and the reason BNP cannot mention that in the release is that it's an ongoing thing that use not clinched yet and so they have to be careful on this. But on the other hand and you please open the question of who will be held responsible. If shall locals said was that CEO of the Suisse. Friendships with division of -- he allegedly. By enacting sanctions. If -- slapped him -- -- Who must go a bit higher echelons of the act and am I gonna pronounce his name -- Roswell Vivian Levy got war have compliance is already on the morning -- why he's you he was retained as as a resident advisor. -- The of the year. Superintendent New -- part of financial services. Jaworski is looking for a company that doesn't have a heads and the bank well -- -- -- do you think ultimately have to have integrity if you look at you have to separate. Questions -- it. First the. That that the people who would directly involved but where. Who engineered the scheme and it has to be news carefully thought about asking to. Go around the sanction regime. They made the only thing we have names that mean they -- leave at some point but to some of the to figure -- -- and then you have beyond that. Give -- the criminal you know. The crimes themselves you have the why -- Christians have the responsibility. When does the box top. -- him if something caused the back up to ten billion. Don't as a new remember that foreigners -- it but he lost that was pluses. And a half that. It's a citizen content you had to be obvious attempt. Clearly -- -- as well as Tennessee and Nebraska and we think that the question of the ultimate responsibility of the banks. Current chairman who was the CEO when the alleged tax -- them. -- one -- he has to ask content they -- very seriously the question whether he. Should stay out. It Kampman facts about this one of course is gonna run run. I am so what's -- space if you're watching your show at 12:30 eastern -- that he yesterday Imus is.

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